Insider Selling: Dr Pepper Snapple Group CFO Sells 5,000 Shares of Stock (DPS)
Dr Pepper Snapple Group (NYSE:DPS) CFO Martin M. Ellen sold 5,000 shares of the company’s stock on the open market in a transaction dated Thursday, September 4th. The shares were sold at an average price of $63.35, for a total transaction of $316,750.00. The sale was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Dr Pepper Snapple Group in a research note on Thursday, August 28th. They now have a $65.00 price target on the stock. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of Dr Pepper Snapple Group in a research note on Friday, July 25th. They now have a $55.00 price target on the stock, up previously from $53.00. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. Dr Pepper Snapple Group presently has an average rating of “Hold” and a consensus price target of $56.67.
Shares of Dr Pepper Snapple Group (NYSE:DPS) traded down 0.40% on Friday, hitting $62.3399. 122,063 shares of the company’s stock traded hands. Dr Pepper Snapple Group has a 1-year low of $43.18 and a 1-year high of $63.70. The stock has a 50-day moving average of $60.57 and a 200-day moving average of $56.69. The company has a market cap of $12.164 billion and a P/E ratio of 17.28.
Dr Pepper Snapple Group (NYSE:DPS) last posted its quarterly earnings results on Thursday, July 24th. The company reported $1.06 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.90 by $0.16. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the prior year, the company posted $0.84 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. Analysts expect that Dr Pepper Snapple Group will post $3.56 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 3rd. Investors of record on Monday, September 15th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend is Thursday, September 11th.
Dr Pepper Snapple Group, Inc (NYSE:DPS) is an integrated brand owner, manufacturer and distributor of non-alcoholic beverages in the United States, Canada and Mexico with a diverse portfolio of flavored (non-cola) carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs), including ready-to-drink teas, juices, juice drinks and mixers.
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